Capital Four CLO IV DAC (2nd Refinance): 28 February 2026

The assets securing the Notes will consist of a portfolio of primarily Senior Obligations, Mezzanine Obligations and High Yield Bonds, and will be managed by Capital Four CLO Management II K/S.

On 21 June 2022 (the Original Issue Date) the Issuer issued Class A Senior Secured Floating Rate Notes due 2035, Class B Senior Secured Floating Rate Notes due 2035, Class C Senior Secured Deferrable Floating Rate Notes due 2035, Class D Senior Secured Deferrable Floating Rate Notes due 2035, Class E Senior Secured Deferrable Floating Rate Notes due 2035, Class F Senior Secured Deferrable Floating Rate Notes due 2035 and Subordinated Notes due 2035.

On 19 July 2024 (the 2024 Refinancing Date) the Issuer redeemed the Original Rated Notes by issuing Class A-R Senior Secured Floating Rate Notes due 2038, Class B-1-R Senior Secured Floating Rate Notes due 2038, Class B-2-R Senior Secured Fixed Rate Notes due 2038, Class C-R Senior Secured Deferrable Floating Rate Notes due 2038, Class D-R Senior Secured Deferrable Floating Rate Notes due 2038, Class E-R Senior Secured Deferrable Floating Rate Notes due 2038 and Class F-R Senior Secured Deferrable Floating Rate Notes due 2038.

On or about 25 February 2026 (the 2026 Refinancing Date) the Issuer will, subject to the satisfaction of certain conditions, redeem the 2024 Class A-R Notes, the 2024 Class B-R Notes, the 2024 Class D-R Notes and the 2024 Class E-R Notes, by issuing Class A-R-R Senior Secured Floating Rate Notes due 2038, Class B-R-R Senior Secured Floating Rate Notes due 2038, Class D-R-R Senior Secured Deferrable Floating Rate Notes due 2038 and Class E-R-R Senior Secured Deferrable Floating Rate Notes due 2038.

The Subordinated Notes were issued in June 2022 and are not being redeemed or refinanced.

The Offered Notes are being offered by the Issuer through JP Morgan Securities plc in its capacity as Placement Agent for the offering of such Offered Notes.